US seeking strong, stable Argentina: Bessent
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US Treasury Secretary Scott Bessent said a strong and stable Argentina is in the strategic interest of the United States, following the $20 billion currency swap deal with Argentina's Central Bank.
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Treasury Secretary Scott Bessent speaks as President Donald Trump meets with Argentina's President Javier Milei in the Cabinet Room of the White House, Tuesday, Oct. 14, 2025, in Washington (AP)
US Treasury Secretary Scott Bessent said on Tuesday that the United States wants a strong and stable Argentina as its neighbor, after a $20 billion currency swap deal between the US Treasury and Argentina's Central Bank was signed.
"We do not want another failed state in Latin America, and a strong, stable Argentina as a good neighbor is explicitly in the strategic interest of the United States," the US Treasury Secretary wrote on X.
.@POTUS @realDonaldTrump’s America First economic agenda has already provided over $2 trillion in tax cuts for middle class Americans, lower taxes and less red tape for small businesses, and the strength on the world stage to both counter our adversaries and support our allies.…
— Treasury Secretary Scott Bessent (@SecScottBessent) October 21, 2025
He also stated that the administration of US President Donald Trump supports Argentine President Javier Milei's reform agenda and his prudent fiscal policy, which aims to develop the country's economy, describing the recent stabilization agreement as a bridge to a better economic future for Buenos Aires.
On Monday, the Central Bank of Argentina confirmed that it had signed a $20 billion currency swap agreement with the US Treasury to stabilize the national currency.
In early October, Bessent said that the United States was prepared to take emergency measures to stabilize the Argentine market and that it had finalized the terms of the deal with Buenos Aires.
United States President Donald Trump has made it clear that a $20 billion US aid package for Argentina depends on Argentinian President Javier Milei first securing political victories in the upcoming midterm elections and this has intensified the pressure on the libertarian leader ahead of the October 26 vote.
Speaking at a White House meeting with Milei on October 15, Trump emphasized, “If he wins, we’re staying with him. And if he doesn’t win, we’re gone.”
